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TMI BlogPakistan Stock Exchange bounces backX X X X Extracts X X X X X X X X Extracts X X X X ..... Pakistan Stock Exchange bounces back X X X X Extracts X X X X X X X X Extracts X X X X ..... iday. The benchmark KSE-100 index increased by 2,787 points, or 2.5 per cent, to close at 1,14,113.93. Financial analysts put down the comeback to indications about a de-escalation in tensions and also investors being encouraged by the inflation data and the monetary policy announcement on Monday, with expectations of a rate cut ranging from 50 to 100 basis points. Fatima Bucha of AKD Securi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ties said the market has been viewing the Pakistan and India tensions very closely and “with no further escalation, the market reacted positively today.” Yousuf M Farooq, director research at Chase Securities said additionally, the International Monetary Fund's board meeting for Pakistan is scheduled for May 9 and investors are focused on developments regarding regional tensions, interest rates, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and the upcoming IMF decision.
Another financial analyst also put down the comeback in the PSX to there not being any military action from India.
“The likelihood of a full-scale war between Pakistan and India remains low, constrained by the nuclear deterrence factor,” he said. PTI CORR NPK NPK X X X X Extracts X X X X X X X X Extracts X X X X
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